CCAD.TO vs. ZUCM.TO
CCAD.TO (CIBC Premium Cash Management ETF) and ZUCM.TO (BMO USD Cash Management ETF) are both Money Market funds. Both are actively managed. Over the past year, CCAD.TO returned 2.58% vs 5.27% for ZUCM.TO. At a correlation of -0.05, they often move in opposite directions. Both charge a 0.14% expense ratio.
Performance
CCAD.TO vs. ZUCM.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CCAD.TO achieves a 0.98% return, which is significantly lower than ZUCM.TO's 2.78% return.
CCAD.TO
- 1D
- 0.02%
- 1M
- 0.20%
- YTD
- 0.98%
- 6M
- 1.20%
- 1Y
- 2.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZUCM.TO
- 1D
- 0.39%
- 1M
- 2.35%
- YTD
- 2.78%
- 6M
- 1.28%
- 1Y
- 5.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CCAD.TO vs. ZUCM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CCAD.TO CIBC Premium Cash Management ETF | 0.98% | 1.69% |
ZUCM.TO BMO USD Cash Management ETF | 2.78% | 0.67% |
Correlation
The correlation between CCAD.TO and ZUCM.TO is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since May 15, 2025 | -0.05 |
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Return for Risk
CCAD.TO vs. ZUCM.TO — Risk / Return Rank
CCAD.TO
ZUCM.TO
CCAD.TO vs. ZUCM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CIBC Premium Cash Management ETF (CCAD.TO) and BMO USD Cash Management ETF (ZUCM.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CCAD.TO | ZUCM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.09 | ||
| Sortino ratioReturn per unit of downside risk | +13.44 | ||
| Omega ratioGain probability vs. loss probability | 3.66 | 1.21 | +2.45 |
| Calmar ratioReturn relative to maximum drawdown | 32.50 | 1.43 | +31.06 |
| Martin ratioReturn relative to average drawdown | 171.24 | 3.82 | +167.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CCAD.TO | ZUCM.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.29 | 1.19 | +6.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 7.34 | 1.03 | +6.32 |
Drawdowns
CCAD.TO vs. ZUCM.TO - Drawdown Comparison
The maximum CCAD.TO drawdown since its inception was -0.08%, smaller than the maximum ZUCM.TO drawdown of -5.81%. Use the drawdown chart below to compare losses from any high point for CCAD.TO and ZUCM.TO.
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Drawdown Indicators
| CCAD.TO | ZUCM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.08% | -5.81% | +5.73% |
Max Drawdown (1Y)Largest decline over 1 year | -0.08% | -3.69% | +3.61% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -1.72% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 1.38% | -1.36% |
Volatility
CCAD.TO vs. ZUCM.TO - Volatility Comparison
The current volatility for CIBC Premium Cash Management ETF (CCAD.TO) is 0.06%, while BMO USD Cash Management ETF (ZUCM.TO) has a volatility of 0.75%. This indicates that CCAD.TO experiences smaller price fluctuations and is considered to be less risky than ZUCM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCAD.TO | ZUCM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 0.75% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 0.19% | 3.23% | -3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.36% | 4.43% | -4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.35% | 5.34% | -4.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.35% | 5.34% | -4.99% |
CCAD.TO vs. ZUCM.TO - Expense Ratio Comparison
Both CCAD.TO and ZUCM.TO have an expense ratio of 0.14%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CCAD.TO vs. ZUCM.TO - Dividend Comparison
CCAD.TO's dividend yield for the trailing twelve months is around 2.63%, less than ZUCM.TO's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CCAD.TO CIBC Premium Cash Management ETF | 2.63% | 1.62% | 0.00% | 0.00% |
ZUCM.TO BMO USD Cash Management ETF | 3.81% | 4.19% | 4.88% | 1.40% |
Frequently Asked Questions
CCAD.TO and ZUCM.TO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.14% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CCAD.TO and ZUCM.TO have the same expense ratio: 0.14% per year.
They also come from different issuers: CIBC and BMO.
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